A. Yes; bills accepted by London banks.
Q. Do you rediscount bills for other banks?
A. No; except for foreign or colonial banks who are correspondents.
Q. Is the bank, through its branches, employed by other banks to any considerable extent for the transfer of funds from one city to another?
A. Yes.
Q. What, if any, artificial means are taken by you to secure changes in the volume of currency (notes and coin) to make it responsive to business demands?
A. None are deemed necessary. Our system works automatically. Our note issue is unlimited; we are only required to provide gold to cover the amount in the hands of the public at the close of each week and on the average of each four weeks.
Q. What is the customary charge for acceptance of a ninety-day bill?
A. Five shillings per cent.
Q. Your acceptance constitutes what is known in London as a prime bill?